ETO prepares to enter micropayments through Web3 investment
The ETO GRUPPE has acquired a stake in UAB Kesolta in Lithuania, which launched www.viviswap.com, a new type of exchange platform for digital currencies, on 2023-08-01.
The ETO GRUPPE has acquired a stake in UAB Kesolta in Lithuania, which launched www.viviswap.com, a new type of exchange platform for digital currencies, on 2023-08-01.
Just how imaginative and multifaceted our ETO locations are was once again demonstrated at the celebrations marking the 75th anniversary of the ETO GRUPPE. The Nuremberg, Vaihingen and Friedrichshafen locations each designed a very personal and inspiring program.
The ETO GRUPPE plans to open a second plant in China at the end of 2023. The first Chinese ETO site in Kunshan near Shanghai has grown rapidly since its establishment in 2005 and is now reaching capacity limits again, despite its relocation only taking place in 2019. The new production site will be located in LuAn in Anhui Province, a city of one million people about six hours' drive west of Kunshan.
As a founding member of the Open Direct Current Alliance (ODCA) which was founded on November 3, 2022, ETO supports the construction of industrial direct current (DC) systems.
Founding members of the ODCA | Picture: ZVEI
The TUfast Team is made up of students from the Technical University of Munich who have been developing autonomously driving, highly efficient electric vehicles since 2015. The ETO GRUPPE was already one of the cooperation partners of the team in its ambitious “muc019+“ project. We support the students not only financially, but also with technical components and expertise from our plant in Nuremberg for the further development of “muc022”.